Compute the schedule variance and cost performance index, Operation Management

Assignment Help:

A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third activity is 63% complete. The planners were only expecting to be 52% through the third activity at this time. The first activity involves prepping the site for the bridge. It was expected that this would cost $1,422,000 and it was done for only $1,302,000. The second activity was the pouring of concrete for the bridge. This was expected to cost $10,502,000 but was actually done for $9,002,000. The third and final activity is the actual construction of the bridge superstructure. This was expected to cost a total of $8,502,000. To date they have spent $5,002,000 on the superstructure.

Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. (Round your "performance index" values to 3 decimal places.)


Related Discussions:- Compute the schedule variance and cost performance index

Determine the normal completion time and cost, Atkinson department is insta...

Atkinson department is installing new computer system. They have to perform several activities. Following table provides information about the project: Activity

Explain switching to a new system of billing, Suppose you are the manager o...

Suppose you are the manager of an accounts receivable unit in a large company. You are switching to a new system of billing and record-keeping and need to train your three supervis

Explain operations management definiton of logistics, Netflix would be an e...

Netflix would be an example of which of the following approaches to managing customer induced variation? Cost penalties Uncompromised reduction Classic reduction Classic accomm

Answer the this question as I found on the google search, Ask questioAn ups...

Ask questioAn upscale home fixture supplier has four locations. Each location manages its ordering independently. The specialized lighting fixture sells for $300 and sales are on a

Explain collective bargaining, Collective bargaining replaces management's ...

Collective bargaining replaces management's traditional authority to unilaterally establish terms and conditions of employment with bilateral negotiations. How has the collective b

Explain physical inventory-taking technique, Question 1 Shortage costs are ...

Question 1 Shortage costs are precise and easy to measure. Question 2 Savings from reduced inventory results in increased profit. Question 3 Using the probability approach we

Objectives of motion study, Objectives of Motion  Study 1.   Combine  ...

Objectives of Motion  Study 1.   Combine  relative  activities. 2.   Increases the  efficiency of activities. 3.   Reduce physical fatigue. 4.   Eliminate as many unne

Explain socially responsible company, In light of these actions, can GM sti...

In light of these actions, can GM still be a socially responsible company? If so, how?

Explain and evaluate kevin mccarthy leadership style, LEADERSHIP DEVELOPMEN...

LEADERSHIP DEVELOPMENT: CASE FOR ANALYSIS Alvis Corporation Kevin McCarthy is a manager of a production department in Alvis Corporation, a firm that manufactures office equip

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd